All Forum Posts by: Bill Horton

@Greg Dickerson thank you!

@Tony Ho that is what I figured. Thank you!

Historically we have used modified gross leases for our office/retail building near Portland, Oregon. I'm working on changing so our leases for new tenants will be NNN. My question... When NNN tenants pay their lease payments, do they submit them separate for the base rent and the NNN? Or do you just record it separate on your accounting software?

@Rich Weese it’s always great to hear from those who have made it. Especially when they have airplanes! I’m trying to make real estate pay for my flying.

@Danny Garrett, Interested?

@Greg Dickerson thank you!

Welcome @Ryan Jefferis ! Portland is definitely not a cheap market. I know investors here who do make it work and find cash flowing properties. I also have friends who invest in the midwest and have a MUCH easier time finding cash flowing deals.  Good luck on your pursuit of cash flow, you're definitely in the right place to surround yourself with the right people! 

Does anyone here have experience with doing land partitions with Clackamas County in Oregon?  We have just under 3 acres in a good part of town (unincorporated Clackamas County) which is zoned R10. It is essentially landlocked right now but has a public easement leading to the property, which is currently on steep terrain and has a driveway to a neighboring home.  We've sat down with the county and had a preliminary meeting for a 6 lot subdivision long ago, but at the time it was too much of a project and they wanted us to put in a lot of road/utility for the sole purpose of benefiting the neighboring properties if they wish to develop in the future. One downside to this is that the neighbors aren't friendly and are not pro-development in the area. 

We are no considering the partition, to have fewer lots and just build a roadway on the public easement, which is currently a gravel driveway.  But I'm looking to speak with someone who has gone through this specific process with Clackamas County.  Looking for ideas to help make this property in the best condition for sale and to obviously maximize profit.  

Thanks! 

@Mateusz Maciejewski welcome to BP, it is a fantastic network that will be a great asset as you begin the adventure into real estate investing! 

As others have said, it will be hard to make the traditional investing numbers work for you, but I strongly believe house hacking a multi-family in our area is the way to go!  I just sold a three-plex in the Milwaukie are that would have been great for that!  

Good luck to you and let me know if there is anything you need.

@Brandon Turner what was the biggest difference for you between buying your local properties, VS your mobile home park across the country. After experiencing both (local and long distances) do you have a preference?